using a decision-making model to analyze the costs and benefits of a specific choice, considering incentives and possible consequences;

applying civic virtues and democratic principles to make collaborative decisions; and

communicating conclusions orally and in writing to a wide range of audiences, using evidence from multiple sources and citing specific sources.

GOVT.15

The student will apply social science skills to understand the role of government in the Virginia and United States economies by

describing the provision of government goods and services that are not readily produced by the market;

describing government’s establishment and maintenance of the rules and institutions in which markets operate, including the establishment and enforcement of property rights, contracts, consumer rights, labor-management relations, environmental protection, and competition in the marketplace;

investigating and describing the types and purposes of taxation that are used by local, state, and federal governments to pay for services provided by the government;

analyzing how Congress can use fiscal policy to stabilize the economy;

describing the effects of the Federal Reserve’s monetary policy on price stability, employment, and the economy; and